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man with golden parachute

Act of faith?

The man with the golden parachute

posted 2/8/2009

With Borders reeling from old debts and falling sales, the bookseller's board fired CEO George Jones in January. Yet new CEO Ron Marshall not only left his investment firm to take the job, he also promised to buy 200,000 shares of Borders stock. Even at the current depressed rate, that will cost him $125,000.

 
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